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Les Wexner exits board, severs last ties to retail empire
Read full article: Les Wexner exits board, severs last ties to retail empireFILE - This Sept. 19, 2014 file photo shows retail mogul Leslie Wexner, at the Wexner Center for the Arts in Columbus, Ohio. Wexner is severing his last ties with the retail empire that he founded in 1963. L Brands, which operates Victorias Secret and Bath & Body Works, said the 83 year-old billionaire, along with his wife Abigail, won't stand for reelection to the board of directors. (AP Photo/Jay LaPrete, File)NEW YORK – Billionaire retail icon Les Wexner is severing his last ties with the retail empire that he founded in 1963. The company said in February it intended to complete the separation of its Victoria’s Secret and Bath & Body Works businesses by August.
Head of Victoria's Secret distances himself from Jeffrey Epstein
Read full article: Head of Victoria's Secret distances himself from Jeffrey EpsteinNEW YORK - Les Wexner, CEO and founder of Victoria's Secret parent company, L Brands, has been caught up in the Jeffrey Epstein scandal. Speaking publicly about his connection for the first time since Epstein's arrest, Wexner said Monday he severed ties with Epstein 12 years ago. Epstein has been charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors related to alleged conduct that occurred between 2002 and 2005. In a note to L Brands employees Tuesday, Wexner described Epstein as his former personal money manager. Epstein also served as a trustee of the Wexner Foundation, Les Wexner's charitable group based in Ohio.